Virginias
former Governor Mark Warner has shaken up the Democratic race for President--by
withdrawing. That demonstrates the importance of governorships in the race for
the White House. We find out why governors matter even if they're not running
nationwide and look at some of this year's most interesting contests. Also,
the head of the British Army causes an uproar over Iraq,
and how micro-lending produced a Nobel Peace Prize for Bangladesh.

FROM THIS EPISODE

Virginias
former Governor Mark Warner has shaken up the Democratic race for President--by
withdrawing. That demonstrates the importance of governorships in the race for
the White House. We find out why governors matter even if they're not running
nationwide and look at some of this year's most interesting contests. Also,
the head of the British Army causes an uproar over Iraq,
and how micro-lending produced a Nobel Peace Prize for Bangladesh.

Muhammad Yunus and his Grameen Bank have brought this year's Nobel Peace Prize to Bangladesh. The economist has leveraged tiny loans for as little as $50 dollars to lift millions of people out of poverty. The Nobel Committee said his invention of micro-credit is helping the world move toward the "lasting peace [which] cannot be achieved unless large population groups find ways to break out of poverty."

The head of the British Army has caused an uproar by saying, "We should get ourselves out [of Iraq] sometime soon because our presence exacerbates the security problems." General Sir Richard Dannatt now says he did not mean to contradict government policy. Prime Minister Tony Blair's trying to make the best of it.

Virginia's former Governor Mark Warner won't be challenging Senator Hillary Rodham Clinton for the Democratic presidential nomination. Now other governors will be running harder than ever. Despite all the attention given to US senators, governors' mansions have become the "training grounds of future presidents." Four of the last five presidents started out as governors of their states, and even when they aren't planning to run nationwide, governors can have a major impact on national policy. Democrats are poised to take a majority of governorships this year for the first time since 1994. We look at some key states and find out why governors matter even if they're not running for president.